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State
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Mission or Vision Statement
Supporting Economic Development
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Goals/Objectives Supporting
Economic Development
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Transportation Economic
Development Programs, Funding Initiatives or Investment Methodologies
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Washington State Transportation
Commission
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The purpose of Washington's transportation
system is to provide safe, efficient, dependable, and environmentally
responsible transportation facilities and services to:
· Promote a positive quality of life for
Washington citizens
· Enhance the economic vitality of all areas
of the state
· Protect the natural environment and
improve the built environment
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· Protect our investments by keeping
transportation infrastructure in sound operation condition
· Operate transportation systems to work
reliably and responsibly for the customer
· Improve safety through continuous reduction
in societal costs of accidents
· Provide viable mobility choices for the
customer and expand the system to accommodate growth
· Support the economy through reduced barriers
to the movement of people, products, and information
· Meet environmental responsibilities
· Cooperate and coordinate with public and
private transportation partners so that systems work together cost
effectively
· Continuously improve the efficient and
effective delivery of agency programs.
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Targeting
Transportation Funding
Economic development is defined as economic
activities which result in development or retention of income generative
industries (those industries which raise the per capita income of the
state).
Washington State Department of Transportation
project funding process shall support economic development through the
following mechanisms:
1. On a routine basis, economic development
related highway transportation projects can compete for general
mobility funding under the priority programming process. Projects most
likely to successfully compete for funding under this program would be
those that have a significant congestion relief benefit, since delay
savings are a large factor in selecting mobility projects. As an added
boost, projects competing in the mobility program which have a local
and/or private financial partners rise in relative priority over other
general mobility projects through the formula.
2. Establish a small separate funding allocation
under the economic initiatives subprogram to quickly respond to
transportation needs of emergent economic development projects that
may be outside of the routine project selection process This funding
will be to match local and/or private contributions for transportation
projects which meet the definition of economic development contained
in this policy
3. Establish innovative financing methods to
enable the state to respond in a timely manner to major or emergent
economic development related transportation needs that require timely
commitments.
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Florida Department of
Transportation
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The department will provide a safe
transportation system that ensures the mobility of people and goods
enhances economic prosperity and preserves the quality of our
environment and communities.
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Under the Mobility 2000 Initiative the state
proposes to advance a number of highway projects over the next 10 years.
These improvements are focused on three major areas:
· Expand Major Roadway Trade and Tourism
Corridors
· Urban Congestion Relief
· Hurricane and Other Emergency Evacuation
· By speeding up the completion of nearly $4
billion worth of major transportation projects throughout the state,
Florida's citizens will see easier daily commutes, visitors will reach
their destinations quicker, businesses will better serve their customers
through expanded trade routes, and coastal residents will have faster
emergency evacuation.
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Mobility 2000 Initiative (Senate Bill 862):
·Plan provides more than $2.5 billion of
additional funds for transportation over a 10-year period without
raising taxes.
Funding:
1. Restoring state funds to
transportation
2. Grant Anticipation
Revenue Vehicle (GARVEE bonds)
3. General Revenue
"one-time" surplus funds
4. Increase in Federal Aid
The State Infrastructure Bank (SIB)
provides $150 million in state funding.
1. (SIB) provides loans to
help fund transportation projects that otherwise may be delayed or not
built.
2. The loans will be repaid
from revenues generated by the projects.
3. The repayments are then
re-loaned to fund additional transportation projects.
Transportation Outreach Program (TOP):
1. Created by the
legislature to fund transportation projects of a high priority based
on the following principles:
a. Preserving the existing
transportation infrastructure
b. Enhancing Florida's
economic growth and competitiveness
c. Improving travel choices
to ensure mobility
The Fast Track Transportation Initiative:
within (TOP)
·Fast Track allows public transportation projects
that have been not been funded or are under funded to receive priority
consideration for accelerated funding in the first year of the work
program.
· Uses an advisory team that selects projects
based on specific criteria using a quantitative methodology to screen
and score projects.
County Incentive Grant Program and Small
County Program:
·FDOT will provide grants to counties to improve
transportation facilities located on the state highway system or that
relieve congestion on the state highway system.
·FDOT will assist small county governments in
rehabilitating county roads or in constructing capacity or safety
improvements.
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Michigan Department of
Transportation
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Providing the highest quality transportation
for economic benefit and improved quality of life.
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Goal 7 - Provide transportation infrastructure and
services that strengthen the economy and competitive position of
Michigan and its regions for the 21st century. Objectives
include:
· Provide a reliable all-season transportation
network.
· Support tourism by providing transportation
systems that facilitate travel, enhance recreation opportunities,
protect natural amenities, and make the transportation system itself a
tourist attraction.
· Focus any transportation investment for
economic development on those projects that improve Michigan's
competitiveness or retain or increase employment opportunities within
the state.
· Improve Michigan's ability to compete in a
global economy through more efficient connections and access to border
crossings, inter modal facilities and improve linkage between modes.
· Promote development and application of new
technologies as appropriate and cost-effective to address
transportation issues.
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Transportation Economic Development Fund:
· Created in 1987 to assist in the funding of
highway, road and street projects necessary to support economic growth.
·The program mission is to enhance the ability of
states to compete in an international economy, to serve as a catalyst
for economic growth of the state, and to improve the quality of life in
the state.
·The fund is administered through the Michigan
State Transportation Commission's Office of Economic Development.
·There are
several types of TEDF grants available:
1. Category A: projects are
related to target industry development and redevelopment
opportunities. Target industries include agriculture or food
processing; tourism; forestry; high technology research;
manufacturing; mining; or office centers of not less than 50,000
square feet.
2. Category B: was repealed
in 1993. It funded conversion of local roads to state trunk lines.
3. Category C: overall goal
is to promote increased economic potential and improve the quality of
life by reducing urban traffic congestion levels. .
4. Category D: projects
involve road improvements in rural counties to create an all season
road network.
5. Category E: Construction
of roads essential to the development of commercial forest in
Michigan.
6. Category F: projects are
for road and street improvements in cities and rural counties.
During its first 10 years of operation, the TEDF
invested over $800 million in road improvement projects throughout the
state
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Minnesota Department of
Transportation
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To develop a coordinated transportation network
by preserving, managing, and improving the state's highway system; by
promoting and supporting transit, air, rail, waterways, bicycle, and
pedestrian systems; by promoting non-travel alternatives; and by
promoting and supporting connections among transportation systems.
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Strategic Directions:
· Safeguard what exists
· Make the network operate better
· Make Mn/DOT work better
Strategic Objectives:
· Multimodal - to increase travel options for
moving people and goods
· Interregional Corridors - to ensure corridors
of statewide significance link the state's regional trade centers
· Program delivery - to streamline the highway
construction/ maintenance program delivery process while improving
quality and cost-effectiveness
· Information - to listen to customers and
respond with accurate, timely information upon which they can rely
Investment Principles:
· Focus on System Performance
· Ensure Economic Efficiency
· Support Societal Goals
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· Expansion of the transportation system is
warranted when the total economic benefits from reduced transportation
costs to businesses and individuals exceed the total life-cycle cost of
the investment. Total economic benefits of transportation investments
are assured in terms of improved safety; reduction in travel times;
monetary or environmental resources consumed in moving people and goods;
and other increases in the productivity of transportation
services/network or increases in the value of economic resources.
· Investment decision criteria, such as net
present value, rate of return, and benefit-cost ratios, tempered by an
evaluation of community values and social impacts, will be used to rank
transportation investments and compare opportunities among modes
· Transportation investments in anticipation of
speculative business growth are not recommended for state spending.
Investments to support development projects that only transfer business
activity within or among localities are not encouraged.
· Transportation
investments necessary to maintain safety, essential connectivity, and a
minimum level of access do not need to meet the investment criteria for
economic return established for expansion projects.
Transportation Revolving Loan Fund:
· Represents
a partnership between the
Minnesota Department of Transportation, Minnesota
Department of Tourism and Economic Development, and the Minnesota Public
Facilities Authority.
· The TRLF provides below market rate loans to
borrowers for transportation projects approved by the Minnesota
Department of Transportation.
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